Answer:
the rate of inflation is 2%.
Step-by-step explanation:
given:
Nominal interest rate =3%
Real interest rate=1%
To Find:
Rate of inflation=?
Solution:
Nominal interest rate:
Nominal interest rate refers to the interest rate before taking inflation into account.
Inflation rate:
The inflation rate is the percent increase or decrease in prices during a specified period. It's usually over a month or a year.
Real interest rate:
A real interest rate is an interest rate that has been adjusted to remove the effects of inflation to reflect the real cost of funds to the borrower and the real yield to the lender or to an investor.
Real interest rate ≈ nominal interest rate − inflation rate.
This can be re written as
inflation rate= Real interest rate - nominal interest rate
Substituting the values,
inflation interest = 1+3
inflation interest=4%
i hope this helpsss<3
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Answer:
18.5÷11.99 is correct the answer is most likly option B
Answer:
5
Step-by-step explanation:
40÷[20-4*(7-4)]
Start with the inner most parentheses
40÷[20-4*(3)]
Then the brackets, multiply first
40÷[20-12]
Then subtract
40÷[8]
We are now left with the division
5
Answer:
You would be required to pay $587.50
Step-by-step explanation:
Divide $1762.50 by three:
You get $587.50
To find how much you have left:
Subtract 587.50 from 668.72:
You'd be left with
$81.22
